{"id":830335,"date":"2025-03-27T05:03:12","date_gmt":"2025-03-27T09:03:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-appointed-as-global-custodian-and-cash-manager-by-haycen\/"},"modified":"2025-03-27T05:03:12","modified_gmt":"2025-03-27T09:03:12","slug":"northern-trust-appointed-as-global-custodian-and-cash-manager-by-haycen","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-appointed-as-global-custodian-and-cash-manager-by-haycen\/","title":{"rendered":"Northern Trust Appointed as Global Custodian and Cash Manager by Haycen"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Northern Trust Appointed as Global Custodian and Cash Manager by Haycen<\/b><\/p>\n<p>LONDON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNorthern Trust (Nasdaq: NTRS) announced today that it has been selected by Haycen Bermuda Ltd. (Haycen) \u2013 a trade finance digital payments provider, with operations in the UK and Europe \u2013 to deliver global custody and money market fund services.\n<\/p>\n<p>\nHaycen delivers wholesale stablecoin-based solutions for non-bank lenders in global trade. Haycen offers global trade participants increased availability to USD in a digital format alongside an instant settlement capability, reducing<b \/>the traditional friction associated with cross-border liquidity transfers. Haycen provides fully collateralized single currency pegged stablecoins in multiple currencies, seeking to reward its clients for maintaining their funds in Haycen\u2019s digital payment ecosystem.\n<\/p>\n<p>\nUnder the new mandate, Northern Trust Asset Servicing will provide Haycen with global custody services for its client fiat deposits. Northern Trust Asset Management will provide cash sweep services.\n<\/p>\n<p><b>Ian Hamilton, head of Asset Owners Europe, Asset Servicing at Northern Trust, said<\/b>: \u201cAt Northern Trust, we offer clients the strength and stability of our custody business combined with an innovative approach to the future of the industry. Haycen recognized this value and selected us to help support their investment objectives. By pairing our client-focused approach with close collaboration with our Northern Trust Asset Management partners, we provide a seamless service experience that helps our clients succeed. We&#8217;re excited to bring this to our relationship with Haycen.\u201d\n<\/p>\n<p><b>Luke Sully, Founder &amp; CEO of Haycen, said: <\/b>\u201cWe have been working with the team at Northern Trust for a year to develop and refine the operating model needed to deliver a high quality stablecoin for global markets. This is a key moment in the evolution of new digital-first financial services and represents a step forward for our stablecoin businesses to be trusted with advancing global commerce. Northern Trust took the time to understand our unique requirements in order to provide us with the best experience for our unique ecosystem. With their reputation as a trusted industry leader and innovator, Northern Trust adds a layer of expertise we need, and we&#8217;re eager to embark on this journey together.\u201d\n<\/p>\n<p><b>About Haycen<\/b><\/p>\n<p>\nHaycen Bermuda Ltd delivers stablecoins and payment solutions to SMEs, corporate clients and financial intermediaries, focusing on global trade. The Haycen senior management team consists of former executives and technologists from Goldman Sachs, IBM, JP Morgan and Barclays who have founded multiple Fintech projects. Haycen is headquartered in Bermuda and holds a VASP registration in the EU. For more information on the business, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.haycen.com&amp;esheet=54229277&amp;newsitemid=20250327307676&amp;lan=en-US&amp;anchor=www.haycen.com&amp;index=1&amp;md5=38b3f6b0880e0c1713faf28a18cc04f1\">www.haycen.com<\/a> or follow the Haycen Stablecoin Podcast at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fapple.co%2F3WSRN47&amp;esheet=54229277&amp;newsitemid=20250327307676&amp;lan=en-US&amp;anchor=https%3A%2F%2Fapple.co%2F3WSRN47&amp;index=2&amp;md5=cefaa6fb549fde1ca853c7891315cb10\">https:\/\/apple.co\/3WSRN47<\/a>.\n<\/p>\n<p><b>About Northern Trust<\/b><\/p>\n<p>\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2024, Northern Trust had assets under custody\/administration of US$16.8 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fhome&amp;esheet=54229277&amp;newsitemid=20250327307676&amp;lan=en-US&amp;anchor=northerntrust.com&amp;index=3&amp;md5=0eddc0716060651278e8e0cc64d669f9\">northerntrust.com<\/a>. Follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.instagram.com%252Fnortherntrustcompany%252F%26data%3D05%257C02%257CWLW5%2540ntrs.com%257C0da4a816d1194057f4ea08dd3eedb922%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C638735912915721564%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DaY7KNkC84p9yIsblWS8fxaoTOx2sXhYit5remKYwtcU%253D%26reserved%3D0&amp;esheet=54229277&amp;newsitemid=20250327307676&amp;lan=en-US&amp;anchor=Instagram&amp;index=4&amp;md5=02fccfd2aee6189e680e236533faf547\">Instagram<\/a> @northerntrustcompany or Northern Trust on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fnorthern-trust%252F%26data%3D05%257C02%257CWLW5%2540ntrs.com%257C0da4a816d1194057f4ea08dd3eedb922%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C638735912915762677%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3D%252BTRyb%252FcdKhynFxVhNIwYgA%252FBw1G%252FazmwINKiBZx30ZA%253D%26reserved%3D0&amp;esheet=54229277&amp;newsitemid=20250327307676&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=5&amp;md5=23379c96fdfbc1c5fad909c2acdcba0a\">LinkedIn<\/a>.\n<\/p>\n<p>\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;esheet=54229277&amp;newsitemid=20250327307676&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;index=6&amp;md5=0d7e6f87fb30ccd731e1e22491d7728b\">https:\/\/www.northerntrust.com\/terms-and-conditions<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250327307676r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250327307676\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250327307676\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Media Contacts<\/span><\/p>\n<p><i>Europe, Middle East, Africa &amp; Asia-Pacific:<\/i><\/p>\n<p>\nCamilla Greene<br \/>\n<br \/>+44 (0) 20 7982 2176<br \/>\n<span class=\"bwuline\"><br \/><a rel=\"nofollow\" href=\"mailto:Camilla_Greene@ntrs.com\">Camilla_Greene@ntrs.com<\/a><\/span><\/p>\n<p>\nSimon Ansell<br \/>\n<br \/>+ 44 (0) 20 7982 1016<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Simon_Ansell@ntrs.com\">Simon_Ansell@ntrs.com<\/a><\/p>\n<p><i>US &amp; Canada<\/i>:\n<\/p>\n<p>\nJohn O\u2019Connell<br \/>\n<br \/>+1 312 444 2388<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jo45@ntrs.com\">John_O\u2019Connell@ntrs.com<\/a>\u00a0\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.northerntrust.com&amp;esheet=54229277&amp;newsitemid=20250327307676&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.northerntrust.com&amp;index=7&amp;md5=d65319398ebd501c888a97e7a16b7b55\">http:\/\/www.northerntrust.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Finance Fintech Banking Other Technology Professional Services Digital Cash Management\/Digital Assets Blockchain Cryptocurrency Asset Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250327307676\/en\/507749\/3\/NorthernTrust_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Northern Trust Appointed as Global Custodian and Cash Manager by Haycen LONDON&#8211;(BUSINESS WIRE)&#8211; Northern Trust (Nasdaq: NTRS) announced today that it has been selected by Haycen Bermuda Ltd. (Haycen) \u2013 a trade finance digital payments provider, with operations in the UK and Europe \u2013 to deliver global custody and money market fund services. Haycen delivers wholesale stablecoin-based solutions for non-bank lenders in global trade. Haycen offers global trade participants increased availability to USD in a digital format alongside an instant settlement capability, reducingthe traditional friction associated with cross-border liquidity transfers. Haycen provides fully collateralized single currency pegged stablecoins in multiple currencies, seeking to reward its clients for maintaining their funds in Haycen\u2019s digital payment ecosystem. Under the new mandate, Northern &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-appointed-as-global-custodian-and-cash-manager-by-haycen\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Northern Trust Appointed as Global Custodian and Cash Manager by Haycen&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830335","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northern Trust Appointed as Global Custodian and Cash Manager by Haycen - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-appointed-as-global-custodian-and-cash-manager-by-haycen\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Trust Appointed as Global Custodian and Cash Manager by Haycen - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Northern Trust Appointed as Global Custodian and Cash Manager by Haycen LONDON&#8211;(BUSINESS WIRE)&#8211; Northern Trust (Nasdaq: NTRS) announced today that it has been selected by Haycen Bermuda Ltd. (Haycen) \u2013 a trade finance digital payments provider, with operations in the UK and Europe \u2013 to deliver global custody and money market fund services. Haycen delivers wholesale stablecoin-based solutions for non-bank lenders in global trade. Haycen offers global trade participants increased availability to USD in a digital format alongside an instant settlement capability, reducingthe traditional friction associated with cross-border liquidity transfers. Haycen provides fully collateralized single currency pegged stablecoins in multiple currencies, seeking to reward its clients for maintaining their funds in Haycen\u2019s digital payment ecosystem. 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(Haycen) \u2013 a trade finance digital payments provider, with operations in the UK and Europe \u2013 to deliver global custody and money market fund services. Haycen delivers wholesale stablecoin-based solutions for non-bank lenders in global trade. Haycen offers global trade participants increased availability to USD in a digital format alongside an instant settlement capability, reducingthe traditional friction associated with cross-border liquidity transfers. Haycen provides fully collateralized single currency pegged stablecoins in multiple currencies, seeking to reward its clients for maintaining their funds in Haycen\u2019s digital payment ecosystem. 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